There is strong supports in downside and big gap in day candles this may act as strong support in coming days this is personal opinion for STUDY Purpose only
Price broke the trendline and is testing it, I think we will see a hard rejection.
Just bought some puts Exp 09/29 this Friday Strike 410. Is very risky but the puts are cheap and the risk reward id high.
My name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️
I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise.
This is how you build real long term...
NVDA has hit and is so far consolidating on the MA200 (4h), touching it for the first time since January 6th 2023.
It is a triple support as besides the MA200, the price hit the bottom of the Megaphone pattern and the Rising Support (also since January).
Trading Plan:
1. Buy on the current market price.
Targets:
1. 525.00 (top of Megaphone).
Tips:
1. The RSI...
Nvidia is on pace for its worst month in a year, but some dip buyers may see opportunity in the semiconductor giant.
The first pattern on today’s chart is the 100-day simple moving average (SMA). NVDA has been holding that line since Thursday, one session after the Federal Reserve hammered the stock under $410. It was the first test of the SMA since early...
Nvidia, a renowned tech industry stalwart, is navigating through market turbulence, having witnessed its stock soar to record highs and subsequently decline, leaving investors pondering its future trajectory. On August 24th, the stock marked a record $502, but the $500 level acted as a psychological barrier, triggering a 15% retreat from its peak as it likely...
Hello There!
Welcome to my analysis about NVIDIA on several timeframe perspectives. The fourth industrial evulotion is accelerating massively with many stocks adopting the AI technology and others, the ones that are still operating on old economy level and do not adopt the new technology seems to depreciate and do not move forward with the rally similar as it...
Hello There!
Welcome to my new analysis about NVDA on the 2-day timeframe perspectives. In the recent times NVDA has shown up with massive bullish momentum volatility explosions as it marked above the 350 level above which many short liquidations were triggered resulting in these short squeeze movements above the 350 level as seen in my chart. With such...
NVDA is nearing important support at the double bottom formed by 401.00 low made on 06/26/23 and the low of 403.11 made on 08/14/23.
RSI has still not reached the oversold zone – below 30%.
MACD is showing no bullish divergence.
A break below the double bottom could trigger a crash down to the next support level in the low 300 area.
Just reading the charts. This will continue up, with some chop, but there are long term bears sitting near $460ish.. be ready for a pullback to the baseline before continuing up..
the trendline going back to Feb 2023 has been broken decisively, retested and failed with conviction. Even though August low hasn't been taken out yet, there is a good chance that it will be. Right now a bounce seems more likely. Daily RSI has a pretty nice bullish divergence, but it is not a guarantee that the pullback is done. Next week, we will need to see if...
If we continue with Red Bars under the Red TrapZone we will most likely break below 400.
Chart with next support levels.
Keep Any Eye for Sharp Turn arounds, as NVDA tend to do that !
We know the strength of this stock but the MM's have to reload to sell more to us later. Buy off the 100sma and be prepared for an unscheduled visit to the 200 sma. Then be watching for the bears waiting at the neckline to drive it down, before launch. Happy Trading!
Today marks the first day of NVDA breaking under its year long trendline. However, the volume is not impressive, so there is a high change that it will retest the trendline marked by the yellow line. If the retest fails, I am expecting another 22% percent drop from current levels to $318 by late October to mid November. Our target is where 200ma meets the bottom...
